Preparing Your Business Books for the New Year
With the new year upon us, the time has come to close the books on 2023. For many companies, January is also the beginning of the new fiscal year, ...
Real Estate Gains: Deferring Taxes with Like-kind Exchanges
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is ...
The Importance of Appraisals Beyond Business
Whether you’re in the process of making a retirement or estate plan or you intend to donate property to charity, you’ll need to know the value of ...
Importance of Obtaining W-9s and Issuing 1099s
To make the process as quick and painless as possible, follow these tips:
Selling Your Home for a Big Profit? Here are the Tax Rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the ...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
Pocket a Tax Break for Making Energy-efficient Home Improvements
According to the National Weather Service, an estimated 190 million Americans have recently been under heat advisory alerts. That may have spurred ...
Tax Concerns for Self-Employed Individuals
The composition of today’s workforce has evolved significantly compared to a decade or two ago. With the emergence of the gig economy in the early ...
Trust Fund Recovery Penalty: Who Can It Be Assessed Against?
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund Recovery ...